Author: Kritika Mehta

Bausch Health Companies Inc. (NYSE: BHC) released its first-quarter FY22 earnings report on Tuesday, May 10, 2022 before the market opened. In the most recent quarter, the company made a loss $69 million, compared to $610 million in the prior ago when it incurred a substantial asset impairment within the Ortho Dermatologics division. However, even after trimming the losses massively, the BHC stock fell rapidly. The loss for the first quarter was $0.19 per diluted share, declining massively from $1.71 per diluted share during the first quarter of 2021, according to the data released. Balance Sheet Highlights First-quarter cash, cash…

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Norwegian Cruises Line Holdings Ltd. (NYSE: NCLH) released its first-quarter FY22 earnings on Tuesday, May 10, 2022, before the market opened. Here is an overview of the latest disclosure. Revenue: $521.9 million reported vs. $654.84 million expectedEPS: ($2.03) adjusted vs. ($1.73) expectedAdjusted Net Loss: $668.6 million Despite missing the estimates, the NCLH stock was up by 1.32% and traded at $16.16 (gaining 0.21 points) in the pre-market trading session on Tuesday. The Russia-Ukraine conflict resulted in the cancellation or modification of approximately 60 sailings in 2022, which included all voyages with calls to ports in Russia. Three ships were redeployed…

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Novavax, Inc. (NASDAQ: NVAX) released its FY22 Q1 earnings report on Monday, May 6, 2022, after the market closed. Here is an overview of the essential disclosure. Revenue: $704 million reported vs. $878.11 million expectedEPS: $2.56 adjusted vs. $3.33 expectedNet Income: $203 million The NVAX stock was down by 8.21% and traded at $48.89 (down by 4.37 points) in the extended trading session on Tuesday. Financial Highlights Achieved revenue of $704 million and net income of $203 million highlighting the first profitable quarter as a commercial stage company.Reiterating full year 2022 total revenue guidance of between $4 and $5 billion.Continued…

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On Monday, DraftKings (NASDAQ: DKNG) stock plummeted after the financial results report was released just as a pulse of market pressure raced through the tech, internet media, as well as gaming sectors. The DKNG stock lost over 12% in the market trading session today and reached its new 52-week low. In response to the stock’s recent decline, Wall Street enthusiasts have lowered their price goals for DKNG, but remain optimistic about the long-term outlook. DKNG stock ratings Oppenheimer gave an ‘Outperform’ rating and reduced the price target from $32 to $24. The quote mentions: “DKNG raised its ’22 revenue/EBITDA margin…

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According to CEO Mark Zuckerberg, Meta will begin testing digital items including NFTs on Instagram in the current week. Instagram artists and enthusiasts will soon be able to utilise NFTs as profile photographs, following the lead of other popular media sites such as Twitter in past months. However, the FB stock was declining even after the aforementioned announcement was made. Zuckerberg stated that a comparable function will be arriving to Facebook shortly, although he didn’t specify a specific date. Spark AR is a free studio which lets corporations and individual users design their own filters, will potentially enable producers to…

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Since its high in November last year, Bitcoin (BTC), the largest global virtual currency in market value has dropped by half. The decline in the value of virtual currencies coincides with a slump in global stock markets in recent times. Bitcoin was down by about 4.80% and traded at $32,887.76 at the time of writing. Moreover, it is at the level that it was in July 2021. Major Asian markets fell further on Monday, including Japan’s Nikkei index falling by approximately 2.5%. With a market capitalization of about $640 billion, Bitcoin represents nearly one-third of the total cryptocurrency space. Ethereum…

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Sidus Space, Inc. (NASDAQ: SIDU), a Space-as-a-Service satellite company focused on commercial satellite design, manufacture, launch, and data collection, recently signed a memorandum of understanding with Dhruva Space Private Limited to further commercialization of new and innovative space technologies and services. Therefore, in response to the announcement, SIDU stock skyrocketed. With this partnership, Sidus Space and Dhruva Space will explore collaborations to support the missions of the space programs in India and the United States through strategic alignment and value-add agreements related to satellites, Mission Operations Centers, Ground Stations, space-related hardware and software, and other technologies. In addition, the partnership…

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Zillow Group, Inc. (NASDAQ: ZG) released its first-quarter FY22 earnings on Thursday, May 5, 2022, after the market closed. The company beat the EPS estimates by a huge 104.77% and reported an EPS of $0.60. However, despite the strong earnings the ZG stock reached its 52-week low of $33.26. Financial Highlights Zillow Group’s Q1 results met or exceeded the company’s outlook at a consolidated level and for all three reportable segments.Consolidated Q1 revenue was $4.3 billion.IMT segment revenue grew 10% year over year to $490 million, above the $487 million midpoint of the company’s outlook range.Premier Agent revenue grew 9%…

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The crypto market is the most volatile investor market. Hence, if it’s in the ‘green’ now, it might be in the ‘red’ a few minutes later. The crypto market has been losing value since days now. There are days where it gains a little but those gains aren’t worthy since they are lost miserably after a point of time. Moreover, today the market has totally crashed. Major coins like Bitcoin (BTC) and Ethereum (ETH) too have lost a huge value. Major coins that declined Bitcoin (BTC), the largest cryptocurrency, had lost a huge 9.50% and traded at $35,779.83 at 8:21…

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Corsair Gaming (NYSE: CRSR) released its first-quarter FY22 earnings after the market closed on Thursday, May 5, 2022. Here is an overview of the latest disclosure. Revenue: $380.7 million reported vs. $380 millionEPS: $0.09 adjusted vs. $0.10 expected The CRSR stock plunged 7.66% and traded at $14.35 (down by 1.19 points) in the extended trading session on Thursday. Financial Highlights Net revenue was $380.7 million, in line with the Company’s preliminary revenue provided on April 21, 2022. This represents an increase of 23.4% compared to the pre-pandemic first quarter of 2020, and a decrease of 28.1% compared to the first…

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